Panama Petrochem Limited reported a consolidated net profit of ₹308.91 crore for the quarter ended June 30, 2026 (Q1FY26), marking a substantial year-on-year increase from ₹42.62 crore in the corresponding period of FY25. The sharp rise in profitability was driven by robust revenue growth and significant expansion in operating margins, highlighting improved operational efficiency across its specialty petroleum products segment.

The Board of Directors, chaired by Arif A. Rayani, approved the unaudited consolidated and standalone financial results on August 12, 2026. The results were reviewed by the statutory auditors, JMR & Associates LLP, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiary, Panol Industries RMC FZE, contributed significantly to the group’s performance, reporting revenues of ₹487.29 crore and a net profit after tax of ₹91.39 crore for the quarter.

Consolidated Financial Performance

Consolidated revenue from operations surged to ₹1,735.15 crore in Q1FY26, compared to ₹693.22 crore in Q1FY25. This revenue growth translated into higher operating earnings, with EBITDA rising to ₹382.58 crore (profit before tax) from ₹52.58 crore year-on-year. The company’s total comprehensive income for the period stood at ₹313.38 crore, up from ₹46.81 crore in the previous year’s corresponding quarter.

Standalone Results and Segment Details

On a standalone basis, Panama Petrochem reported a net profit of ₹217.52 crore for Q1FY26, compared to ₹28.81 crore in Q1FY25. Standalone revenue from operations grew to ₹1,247.86 crore from ₹424.12 crore year-on-year. The basic and diluted earnings per share (EPS) for the standalone entity rose to ₹35.95 from ₹4.76 in the previous year.

The company operates in a single primary business segment: Specialty petroleum products, as per Ind AS-108. Total expenses on a consolidated basis amounted to ₹1,356.45 crore, with cost of materials consumed at ₹1,096.83 crore and other expenditures at ₹112.88 crore. Finance costs remained relatively stable at ₹5.50 crore, compared to ₹2.99 crore in Q1FY25.

What the Numbers Show

The dramatic improvement in profitability is primarily attributable to top-line growth rather than just cost containment. With revenue more than doubling year-on-year while finance costs increased only moderately, the company has demonstrated significant operating leverage. The expansion in profit before tax from ₹52.58 crore to ₹382.58 crore indicates that the higher revenue volumes were effectively converted into earnings, suggesting strong demand for its specialty petroleum products and efficient supply chain management during the quarter.

Panama Petrochem has published the notice for its 44th Annual General Meeting (AGM) and e-voting information in English and regional (Gujarati) newspapers on July 29, 2026. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM is scheduled for Monday, August 24, 2026, at 11:30 A.M. IST, to be conducted via Video Conference or Other Audio Visual Means (OAVM).

The company confirmed that the Annual Report for FY26, including the AGM notice, was dispatched electronically on July 28, 2026, to members with registered email IDs. For shareholders without registered emails, web links were disseminated as required under Regulation 36(1)(b). The documents are also accessible on the company’s website, www.panamapetro.com , and the stock exchanges’ portals.

Key Dates and Access Details

Shareholders must ensure their contact details are current to participate. Registration of email ID and mobile number is mandatory for joining the AGM and casting votes. Members holding shares in electronic mode should update their email IDs with their respective Depository Participants (DPs). Those holding physical shares must register their email IDs using Form ISR – 1 with the Registrar and Share Transfer Agent, M/s Bigshare Services Private Limited.

E-Voting Timeline

Remote e-voting will be open from Friday, August 21, 2026, at 9:00 A.M. until Sunday, August 23, 2026, at 5:00 P.M. The cut-off date for eligibility is Monday, August 17, 2026. Central Depository Services (India) Limited (CDSL) facilitates the voting process. Shareholders who vote remotely may attend the AGM but cannot vote again. E-voting during the meeting will remain open for 15 minutes after its conclusion.

For assistance, members may contact Bigshare Services Private Limited at investor@bigshareonline.com or CDSL’s helpdesk at helpdesk.evoting@cdslindia.com .